In this episode James Kennedy sits down with Patrick Goeschl, Senior Manager at PwC Austria’s Forensic Services, to discuss one of the most critical frameworks in the world of fraud prevention: the Fraud Triangle. Patrick delves into the conditions and circumstances that create the perfect environment for fraud, offering valuable insights into how companies can protect themselves from internal and external threats.
About Patrick Goeschl: Patrick Goeschl is a Senior Manager at PwC Austria, specializing in forensic services. With years of experience investigating financial crimes and fraud, Patrick has developed a deep understanding of the motivations and behaviors that lead to fraudulent activity. His work in forensic services helps companies identify vulnerabilities and implement strategies to mitigate the risks of fraud.
What You’ll Learn:
- Understanding the Fraud Triangle: Patrick explains the three key components of the Fraud Triangle—opportunity, pressure, and rationalization—and how these factors align to create the conditions for fraud.
- Preventing Fraud in the Workplace: Gain insight into practical strategies that businesses can implement to reduce the risk of fraud occurring within their organizations.
- Detecting Early Warning Signs: Learn how to identify the red flags and early warning signs that could indicate fraudulent behavior is taking place.
Episode Highlights:
- “Patrick, can you walk us through the Fraud Triangle and explain how these three factors come together to create the environment for fraud?”
- “What steps should organizations take to ensure they minimize opportunities for fraud?”
- “How do companies balance vigilance without creating a culture of distrust within their teams?”
More about Patrick’s Role:
As Senior Manager at PwC Austria’s Forensic Services, Patrick Goeschl plays a key role in helping companies navigate the complexities of financial crime. His expertise in detecting and preventing fraud has been instrumental in protecting organizations from significant financial and reputational damage. Through his work, Patrick provides businesses with the tools they need to create a culture of integrity and reduce the risk of fraud.
